I earned over 1550$ in residual income with an initial investment of 1190$ over the past month. Now, as part of my December special, I will help you to reach that goal as well – or even surpass it. Today I am going to write about the third step: BUYING THE ACTUAL BITCOINS! So keep reading to learn how to buy your first coins and eventually make residual income!
How to buy Bitcoins?
So, it’s finally time: you have done your research and set up a blog. Now you just need the actual Bitcoins! Don’t worry, it’s not as complicated as it may seem.
First, you need to have a bank account and/or a credit card.
Now, find a suitable place to make the exchange. Coinbase is a great place to start; plus, if you use the following link to buy or sell cryptos worth 100$, we both get 10$ worth of Bitcoins. What are you waiting for?
How to buy Bitcoins – Step by step
Step 1 – Add payment method
The first thing you need to do, is adding a payment method to buy the Bitcoins with. To do so, log in to your account and navigate to Settings -> Payment methods.
Basically, you can decide between Bank account and credit card or you just add both payment methods. You can also see the pros and cons on the screenshot.
The bank transfer takes a few days until it is confirmed and the money available in Coinbase but you can buy and sell higher amounts of cryptocurrencies while the credit card allows for instant usage but with lower amounts.
Anyway, after selecting a payment method, you have to fill out the form for the credit card data or you have to make a wire transfer to their bank account.
After the money has been transferred, it is visible in a wallet – depending on your currency. Just navigate to Accounts and you will see the different wallets you own.
Just to make it clear: As soon as the money from the bank transfer is available on Coinbase, you can make instant purchases with that money as well!
Step 2 – Buy Bitcoins
After adding a payment method, you need to navigate to Buy / Sell.
In that menu, you will be able to select the desired cryptocurrency – in this case Bitcoin – choose a payment method and the amount.
Make sure Bitcoin is selected in the top of the menu and then click on the selected Payment Method in case you want to change.
After that, type in the amount you want to buy. For example $100.
Afterwards press the button “Buy Bitcoin Instantly” at the bottom.
And last but not least, confirm the purchase.
That’s it. The purchase is instant and your Bitcoins should now appear in your account, displayed in the Bitcoin Wallet.
Now you are a proud owner of Bitcoins and one can argue that you are an early adopter. Owning Bitcoins now opens up all doors for investments in the cryptocurrency sector.
Naturally, there are other places where you can buy Bitcoins with fiat currency, like USD, EUR or Yen. But Coinbase is one of the biggest exchanges and also one with the easiest and most intuitive interface. Ideal for beginners to buy Bitcoins easy and without hassle.
But if you still want to know “where can I buy Bitcoins” then here is a list of alternative exchanges:
And because there are so many more and you can make a whole website to just keep track of them all, here a links with lists of Bitcoin exchanges:
There you have it; as you can see, it is very easy to be the proud owner of some cryptocurrencies. You can do a lot with your coins, I will be talking about how to make thousands of dollars with BitConnect . For more on this, follow these links: